BUZZ-MSCI shares jump after higher Q3 profit

Reuters10-29 21:54

** Shares of index provider MSCI up 4.8% to $623.94 in early trading

** MSCI reports a rise in its third-quarter profit helped by robust demand for its products and services.

** On an adjusted basis index provider earned $3.86 per share, an 11.9% increase from $3.45 in the previous year.

** Its total recurring subscription revenue for the third quarter rose 15.4% to $536.6 million

** Including session moves, stock is up 10.7% YTD

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment